SPEED REST: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SPEED REST
Largest movements
- Tangible fixed assets -€45,863
down €45,863 (-17.6%), from €260,726 to €214,862
of which Other tangible fixed assets: -€32,563
- Current investments -€33,717
down €33,717 (-79.8%), from €42,260 to €8,543
- Cash -€31,385
down €31,385 (-15.1%), from €207,180 to €175,795
mainly Contributions, distributions and other (-€106,788) and Debts after one year (-€59,040)
- Reserves -€81,777
down €81,777 (-14.9%), from €548,148 to €466,372
- Debts after one year -€59,040
down €59,040 (-56.8%), from €103,993 to €44,952
- Trade debts +€46,500
up €46,500 (+15.7%), from €295,717 to €342,218
- Other debts -€23,776
down €23,776 (-19.2%), from €123,929 to €100,154
- Gross operating margin -€116,108
down €116,108 (-9.2%), from €1.3m to €1.1m
- Staff costs +€42,564
up €42,564 (+4.3%), from €980,105 to €1.0m
- Taxes -€20,489
down €20,489 (-60.6%), from €33,837 to €13,348
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,330,327 | €1,202,523 | -€127,804 | -9.6% |
| Fixed assets | 21/28 | €260,726 | €214,862 | -€45,863 | -17.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €260,726 | €214,862 | -€45,863 | -17.6% |
| Plant, machinery and equipment | 23 | €52,764 | €39,989 | -€12,776 | -24.2% |
| Furniture and vehicles | 24 | €6,642 | €6,118 | -€525 | -7.9% |
| Other tangible fixed assets | 26 | €201,319 | €168,756 | -€32,563 | -16.2% |
| Current assets | 29/58 | €1,069,602 | €987,661 | -€81,940 | -7.7% |
| Stocks and contracts in progress | 3 | €22,978 | €19,940 | -€3,038 | -13.2% |
| Stocks | 30/36 | €22,978 | €19,940 | -€3,038 | -13.2% |
| Amounts receivable within one year | 40/41 | €792,513 | €779,920 | -€12,592 | -1.6% |
| Trade receivables | 40 | €15,802 | €1,106 | -€14,697 | -93.0% |
| Other amounts receivable | 41 | €776,711 | €778,815 | +€2,104 | +0.3% |
| Current investments | 50/53 | €42,260 | €8,543 | -€33,717 | -79.8% |
| Cash at bank and in hand | 54/58 | €207,180 | €175,795 | -€31,385 | -15.1% |
| Deferred charges and accrued income | 490/1 | €4,671 | €3,462 | -€1,209 | -25.9% |
| Total equity and liabilities | 10/49 | €1,330,327 | €1,202,523 | -€127,804 | -9.6% |
| Equity | 10/15 | €623,148 | €541,372 | -€81,777 | -13.1% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €548,148 | €466,372 | -€81,777 | -14.9% |
| Distributable reserves | 133 | €548,148 | €466,372 | -€81,777 | -14.9% |
| Amounts payable | 17/49 | €707,179 | €661,152 | -€46,027 | -6.5% |
| Amounts payable after more than one year | 17 | €103,993 | €44,952 | -€59,040 | -56.8% |
| Financial debts | 170/4 | €103,993 | €44,952 | -€59,040 | -56.8% |
| Amounts payable within one year | 42/48 | €603,186 | €616,199 | +€13,013 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €64,801 | €65,785 | +€984 | +1.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €295,717 | €342,218 | +€46,500 | +15.7% |
| Suppliers | 440/4 | €295,717 | €342,218 | +€46,500 | +15.7% |
| Taxes, remuneration and social security | 45 | €118,738 | €108,043 | -€10,695 | -9.0% |
| Taxes | 450/3 | €25,782 | €10,805 | -€14,977 | -58.1% |
| Remuneration and social security | 454/9 | €92,956 | €97,238 | +€4,282 | +4.6% |
| Other amounts payable | 47/48 | €123,929 | €100,154 | -€23,776 | -19.2% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €980,105 | €1,022,669 | +€42,564 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,914 | €54,932 | -€982 | -1.8% |
| Other operating charges | 640/8 | €7,396 | €8,109 | +€713 | +9.6% |
| Non-recurring operating charges | 66A | €1,085 | - | -€1,085 | |
| Gross operating margin | 9900 | €1,258,399 | €1,142,291 | -€116,108 | -9.2% |
| Operating profit (loss) | 9901 | €213,899 | €56,581 | -€157,318 | -73.5% |
| Financial income | 75/76B | €435 | €687 | +€251 | +57.8% |
| Recurring financial income | 75 | €435 | €687 | +€251 | +57.8% |
| Financial charges | 65/66B | €14,534 | €18,908 | +€4,375 | +30.1% |
| Recurring financial charges | 65 | €14,534 | €18,908 | +€4,375 | +30.1% |
| Profit (loss) for the period before taxes | 9903 | €199,800 | €38,359 | -€161,441 | -80.8% |
| Income taxes | 67/77 | €33,837 | €13,348 | -€20,489 | -60.6% |
| Profit (loss) for the period | 9904 | €165,963 | €25,012 | -€140,952 | -84.9% |
| Profit (loss) for the period to be appropriated | 9905 | €165,963 | €25,012 | -€140,952 | -84.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.